.Available through our resale shared ownership scheme, a 2nd floor, one-bedroom apartment in Hove.

  

Property description:

The property comprises a communal and wheelchair accessible entrance, entry system, lift access, open plan kitchen and spacious reception, kitchen with integrated appliances, private balcony, one bedrooms, bedroom includes built in wardrobe, family bathroom with shower over bath and utility room with ample room for storage.

 

The property also benefits from access to a communal bike shed and allocated parking.

 

Lease: Commenced 2022 with 999-year term

Council Tax Band: Brighton & Hove Council – B

Approx. Gross Internal Area: 414sq.ft.

 

LOCAL AREA INFORMATION

·        Good transport links, Aldrington train station is a 7 minute walk, a bus route in and out of town is 2 minutes away and taxi’s are always close by.

·        3 parks local parks which feature a play area, green are and sports courts. The area is very green with lots of tree lined streets.

·        Walking distance to the beach and Hove lagoon. Hove Beach Park will be finished soon and is a few streets away from the apartment.

·        Nurseries, Hove Junior, West Hove, Blatchington, Hove park and Goldstone are all nearby.

·        Close to several cafes, restaurants, pubs and bars. There are 3 local supermarkets within 5 mins walk and a Tesco superstore at the end of Portland road. Independent shops, food specialist, GP, dentist and Pharmacy are also near.

·        Local to a Gym and local community halls/churches. Always communal activities going on.

 

FINANCIAL INFORMATION

Property Value = £265,000

Percentage Share = 40%

Share Price = £106,000

*Monthly Rent = £434.58

*Monthly Service Charge = £99.67

**Monthly Mortgage Payment = £542.00

***Annual Household Income = £37,000

 

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.

 

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

 

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